, Columnist
Cathie Wood Is Actively Displacing Those Passive Nasdaq Whales
Her ARK Innovation ETF has revived retail investor interest in small cap stocks after a decade of funds thoughtless FAANGfare.
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In the late 2000s, when I was an equity research analyst at Lehman Brothers Holdings Inc., my manager would say, “To win big, you have to think small.” I worked with a team of math, finance and accounting wizards, many fresh out of graduate schools, to sift through the financials of thousands of small-cap companies, looking for some advantage or hidden pattern that the bank’s trading desks could use to make money.
That turned out to be a losing game.